- Financial Times reports Trump Media plans to raise $3 billion for crypto investments.
- The capital raise includes $2 billion in equity and $1 billion through a convertible bond.
- Trump Media neither confirmed nor denied claims.
Financial Times reports that Truth Social, part of Trump Media & Technology Group (TMTG) aims to raise $3 billion to invest in cryptocurrency assets.
The company is reportedly planning to raise $2 billion in new equity and another $1 billion through a convertible bond. The final terms, timing, and size of the capital raise could still change, according to the report.
The planned capital raise may be officially announced ahead of a major crypto investor conference scheduled this week, where Vice President JD Vance and Trump’s sons, Donald Jr. and Eric Trump, are expected to deliver speeches.
However, in response to a request for comment from Reuters, Trump Media neither accepted nor denied the fundraising effort.
TMTG said in a statement that “apparently the Financial Times has dumb writers listening to even dumber sources” but did not comment further.
TMTG, which operates both a social media and streaming platform, has been exploring expansion into financial services, including cryptocurrencies.
